Turner Scott Motorsports announced Friday that Arrowhead, which serves as the primary sponsor for promising young racer Jeb Burton, has defaulted on their payment to the team which has consequently put him out of a job.

Team Co-Owner Harry Scott Jr.:

“The breakout success of Jeb Burton and the entire No. 4 team in 2013 makes these decisions especially painful. “However, we will do everything we can to put Jeb on the racetrack with our organization going forward. He’s a great talent and has a great career ahead of him. Despite this setback, Turner Scott Motorsports remains strong overall, and will compete for championships in both the NASCAR Nationwide and Camping World Truck Series. We are extremely proud of the talent of our workforce here at TSM, and it is very difficult for us to lose anyone within our organization. We understand the way that this affects the lives of everyone involved, and we will do our best to assist in placement elsewhere in the sport.”

Driver Jeb Burton:

“These are tough circumstances for everyone involved, not just for me. I’m working with Turner Scott Motorsports to identify any potential opportunities for me to get on the track this year.”

(On Twitter) “Really hard time for my team and my family. My future is unclear right now, but we’re doing everything we can to be on the track in 2014.”

Last season was Jeb’s first full-time year in the NASCAR Camping World Truck Series and there was a lot of eyeballs on him considering the fact that he’s the son of 2002 Daytona 500 winner Ward Burton. He performed admirably in his debut year with one win en route to a fifth place finish in the points. He also made one start in the Nationwide Series and finished eighth.

Due to loss of this major sponsor, Turner is also being forced to reduce its staff and release about 20 percent of its workforce. Jeb’s Brazilian teammate from 2013, Miguel Paludo, seems to be out of a ride due to lack of funding as well. In NASCAR, sponsors are incredibly difficult to come by and to lose one of your biggest backers within four weeks of the new season could be catastrophic to an organization.

Nick DeGroot is a Contributing Writer for Rant Sports NASCAR. Connect With Him on Twitter @ndegroot89

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